The Price Rationing Mechanism of a Freely Functioning Market Leads

question 385

Multiple Choice

The price rationing mechanism of a freely functioning market leads to the most efficient use of resources because

• A)all gains from mutually beneficial trade are captured.
• B)the Federal Trade Commission regulates the market.
• C)of the rise of the legislative apparatus that supports trade.
• D)the Justice Department monitors market activities.

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Definitions:

Diabetic Ketoacidosis

A serious diabetes complication where the body produces excess blood acids (ketones) due to lack of insulin.

Hyperglycemia

A condition characterized by an excessively high level of glucose in the blood, often associated with diabetes.

Poor Wound Healing

A condition where wounds heal slowly or improperly due to underlying factors such as poor nutrition, infection, or diseases like diabetes.

Type 1 Diabetes

A chronic condition where the pancreas produces little or no insulin, requiring lifelong insulin therapy for management.